US private equity firm Sixth Street has reinforced its commitment to the UK industrial sector, recapitalising a $472 million portfolio and forming a new joint venture to expand its holdings amidst rising demand for logistics and multi-let industrial properties.
U.S. private equity firm Sixth Street has intensified its commitment to the UK real estate sector by recapitalising a substantial industrial portfolio valued at approximately $472 million. The San Francisco-based investor acquired a 37-property portfolio encompassing around 1.7 million square feet under Clipstone Industrial REIT, confirming its expanding presence in the UK’s industrial real estate market. Notably, about 40 percent of these assets are strategically located within London and the M25 corridor, with the remainder spread across key southeast locations including Enfield, Hanworth, Sutton, Bracknell, and areas near Stansted Airport.
The transaction also marked the formation of a new joint venture, C6 Industrial, between Sixth Street and Clipstone Investment Management. Under this partnership, Sixth Street provides the majority of the equity, while Clipstone continues as the portfolio’s operating manager. The venture is aimed at further acquisitions of high-quality, multi-let industrial assets across the UK, reflecting strong rental growth in the sector despite ongoing challenges such as high borrowing costs and softening valuations in other property types.
This move aligns with Sixth Street’s broader strategy to build a resilient real estate platform focused on sectors with sustainable demand. The firm’s UK footprint has grown considerably in recent times; in 2024, it teamed with Patron Capital to acquire homebuilder Cala for $1.78 billion from Legal & General. Earlier in 2025, Sixth Street partnered with logistics specialist Copley Point to purchase a portfolio of warehouse assets, expanding its industrial holdings. This included acquiring three logistics properties leased to major companies such as Amazon and Fowler Welch, situated in prominent logistics hubs like Magna Park in Lutterworth and Doncaster.
Moreover, in May 2025, the Sixth Street–Copley Point alliance further expanded their portfolio by adding five logistics assets valued around 0.8 million square feet, bringing their total UK industrial real estate holdings to approximately 3.3 million square feet. These acquisitions highlight the firm’s focus on mission-critical logistics markets characterised by strong occupational demand and operational resilience.
Sixth Street also engaged in a significant bid earlier in 2025 with Blackstone Europe to acquire Warehouse REIT, a publicly traded UK industrial landlord valued at around £470 million. Despite offering a premium of over 34% to Warehouse REIT’s share price, the board rejected the proposal. The consortium argued that their all-cash bid represented an attractive and deliverable option, underscoring their commitment to the UK industrial sector even amidst competitive dynamics.
The firm, traditionally recognised for its private equity and sports investments—such as its recent stakes in the NBA’s Boston Celtics and the San Francisco Giants, along with the Mission Rock mixed-use development—has increasingly pivoted towards real estate. Its strategy appears geared towards sectors with inherent resilience, seeking stable returns through industrial and logistics properties amid broader market uncertainties.
Sixth Street’s increasing activity in the UK is supported by its broader European ambitions. In mid-2024, the firm launched its largest European recruitment drive to date, expanding its London operations and hiring talent focused on private credit and real estate sectors. Julian Salisbury, Sixth Street’s co-chief investment officer, highlighted the robust outlook for private markets in Europe, underscoring the firm’s long-term vision to support companies through private capital structures.
This latest recapitalisation and the formation of the C6 Industrial joint venture reaffirm Sixth Street’s confidence in the UK’s industrial real estate market, highlighting broader trends favoring logistics and multi-let industrial properties as key drivers in a challenging economic environment.
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Source: Noah Wire Services
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
10
Notes:
The narrative is fresh, with the earliest known publication date being October 2, 2025, on Sixth Street’s official website. ([sixthstreet.com](https://sixthstreet.com/investment_announce/sixth-street-and-clipstone-partner-to-recapitalise-37-property-uk-multi-let-industrial-portfolio/?utm_source=openai)) The report is not recycled or republished across low-quality sites. The content is based on a press release, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were found. The article includes updated data and does not recycle older material.
Quotes check
Score:
10
Notes:
The direct quotes from Toby Dean, CEO of Clipstone, and Giulio Passanisi, Partner and Head of European Real Estate at Sixth Street, are unique to this report. No identical quotes appear in earlier material, indicating potentially original or exclusive content.
Source reliability
Score:
10
Notes:
The narrative originates from Sixth Street’s official website, a reputable organisation. The report is verifiable, and the entities mentioned, including Sixth Street and Clipstone Investment Management, have a public presence and legitimate websites.
Plausability check
Score:
10
Notes:
The claims about Sixth Street’s recapitalisation of a $472 million UK industrial portfolio align with the company’s recent activities. The narrative is covered elsewhere, including on Sixth Street’s official website. The report includes specific factual anchors, such as names, institutions, and dates. The language and tone are consistent with the region and topic. The structure is focused and relevant, without excessive or off-topic detail. The tone is formal and appropriate for corporate communication.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative passes all checks with high scores, indicating it is fresh, original, and from a reliable source. The claims are plausible and well-supported, with no signs of disinformation.
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